In the next years, the growth rates of the pre-crisis will not come back in the CESEE region. For the banking industry, the region is still a substantial risk factor.

One of the main problems is the growth perspective of the next years. The recovery has already started, but takes some more time. According to S&P, the high growth rates of the years before 2008 are over, though. In general, the CESEE region strongly depends on the economic development of Western Europe. Countries like the Czech Republic or Poland, which have closer economic ties to…